HDFC Balanced Advantage Fund Direct Plan-Growth is a Dynamic Asset Allocation mutual fund offered by Hdfc Mutual Fund. This fund was established on January 1, 2013. The HDFC Balanced Advantage Fund Direct Plan-Growth has assets under management (AUM) of ₹89,903 crores, making it a medium-sized fund in its category. The fund’s 0.73% expense ratio is similar to that of the majority of other Dynamic Asset Allocation funds.

The fund’s equity portion is mainly in the financial, energy, automobile, construction and capital goods industries. It has less exposure to the financial and energy industries than other funds in the category.

HDFC Balanced Advantage Fund Performance

The growth returns over the last year for the HDFC Balanced Advantage Fund Direct Plan are 41.98%. It has generated 16.93% average yearly returns since its launch. Every three years, the fund doubles the amount invested in it.

The HDFC Balanced Advantage Fund Direct Plan-Growth plan has a better track record of delivering consistent returns than other funds in its category. It has a strong capacity to control losses in a sinking market.

HDFC Balanced Advantage Fund Returns

HDFC Balanced Advantage Fund Top 5 Holdings

HDFC Balanced Advantage Fund Suitability

You could expect returns from fixed income options and profits that surpass the rate of inflation when you invest for a period of five years or more. However, be prepared to face fluctuations in the value of your investment along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in both equity shares and bonds, but the amounts are not fixed. Depending on their outlook on the market, the fund management team may raise or decrease the allocation to equity shares.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

All HDFC Mutual Fund schemes are managed by HDFC Asset Management Company Limited. It is among India’s most trusted mutual fund houses. Among the biggest and wealthiest mutual fund houses in the nation, it has approximately INR 4.4 trillion in assets under management (AUM). Established in 1999, the fund house was a joint venture between abrdn Investment Management Limited (formerly Standard Life Investments Limited) and Housing Finance Development Corporation, or HDFC.

Here are the top 5 funds of HDFC Mutual Fund

1. HDFC Focused 30 Fund Direct Plan Growth

HDFC Focused 30 Fund Direct Plan-Growth is an equity mutual fund offering from HDFC Mutual Fund. This scheme was started on an Invalid date and is presently managed by its fund manager, Roshi Jain. It has an AUM of ₹11,945.94 Crores and the current NAV is ₹236.876 as of 06 Jul 2024.

HDFC Focused 30 Fund Direct Plan-Growth scheme returns have been 46.68% in the last 1 year, 125.45% in the previous three years and 488.77% from the scheme’s launch. The minimum SIP amount to invest in this plan is ₹100.

2. HDFC Mid-Cap Opportunities Direct Plan Growth

HDFC Mid-Cap Opportunities Direct Plan-Growth is an equity mutual fund offering from HDFC Mutual Fund. This scheme was started on an Invalid date and is now managed by Chirag Setalvad, the fund manager. The fund has an AUM of ₹65,394.16 Crores and the current NAV is ₹201.369 as of 06 Jul 2024.

The minimum investment amount for the HDFC Mid-Cap Opportunities Fund is ₹100 and ₹100 in SIP.

3. HDFC Flexi Cap Direct Plan Growth

HDFC Flexi Cap Direct Plan-Growth is an equity mutual fund offering from HDFC Mutual Fund. This scheme was started on an Invalid date and is presently managed by its fund manager, Roshi Jain. With an AUM of ₹54,692.16 Crores, as of July 6, 2024, the most recent NAV declared is ₹1987.268. The minimum investment amount for HDFC Flexi Cap Fund is ₹100 and ₹100 for a SIP.

4. HDFC Large and Mid Cap Fund Direct Growth

HDFC Large and Mid Cap Fund Direct- Growth is an equity mutual fund offering from HDFC Mutual Fund. This scheme was set up on an invalid date and is being managed by Gopal Agrawal, the fund manager. It has an AUM of ₹19,454.33 Crores and the current NAV is ₹347.480 as of 06 Jul 2024.

HDFC Large and Mid Cap Fund requires a minimum amount of ₹100, whereas SIP requires ₹100.

5. HDFC Balanced Advantage Fund Direct Plan Growth

HDFC Balanced Advantage Fund Direct Plan-Growth is a hybrid mutual fund plan offered by HDFC Mutual Fund. Launched on an Invalid date, Gopal Agrawal, Anil Bamboli, Arun Agarwal, Srinivasan Ramamurthy and Nirman S. Morakhia are the scheme’s fund managers at present. It has an AUM of ₹86,471.32 Crores and the current NAV is ₹538.299 as of 06 Jul 2024.

The minimum investment amount for HDFC Balanced Advantage Fund is ₹100 and ₹100 for a SIP.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.